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- Shimmer integrates LayerZero into ShimmerEVM, enhancing cross-chain communication and expanding connections with leading DeFi networks.
- This integration establishes a more connected digital ecosystem, driving development and interoperability in the blockchain space.
Shimmer, known for its interoperable architecture, has integrated LayerZero into ShimmerEVM. This move marks a significant advance in cross-chain communication and decentralized finance (DeFi).
Big news for cross-chain communication & #DeFi advancements for our ecosystem🔥! @LayerZero_Labs is integrating with #ShimmerEVM. The integration extends our connectivity to major blockchains, steering us closer to a unified cross-chain ecosystem.
🔗https://t.co/b2gQabmvFy pic.twitter.com/UgI3vJVHx6— Shimmer (@shimmernet) December 27, 2023
LayerZero, which specializes in messaging protocols for cross-blockchain communication, now connects to ShimmerEVM. This establishes a secure and transparent cross-chain messaging system. The integration enables the development of interoperable decentralized applications (dApps) and an ecosystem of digital assets on ShimmerEVM.
This development enhances the user experience in Shimmer, extending cross-chain communication into and out of the ecosystem. Shimmer now connects through LayerZero with networks such as Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, Base, Arbitrum and Optimism. This connection extends ShimmerEVM’s capabilities for asset and information exchange with leading DeFi networks.
With the integration of LayerZero, Shimmer Bridge, owned by Tangle DAO LLC, is now operational and accessible. This platform provides an efficient way to connect to the Shimmer ecosystem.
The integration underscores Shimmer’s focus on providing developer-centric network functionality and strengthens its cross-chain interoperability. The combination of Shimmer and LayerZero accelerates the development of a connected cross-chain world.
ShimmerEVM and LayerZero move towards a unified Web3 ecosystem, fostering connections between developers and user communities on diverse blockchains. This integration is a step towards a broader vision, opening up new possibilities for the Shimmer community and the blockchain space at large.
The integration of Shimmer and LayerZero is a key development for blockchain interoperability. It sets a new standard in communication and integration between blockchains, driving the future of DeFi and dApps. We are witnessing a shift towards a more connected and efficient digital ecosystem.
About LayerZero
LayerZero is an interoperability solution for blockchains that enables secure and efficient communication between different blockchains. Essentially, LayerZero acts as a messaging protocol that enables the transfer of data and assets from one blockchain to another. This is achieved while maintaining the security and integrity of the information transferred.
The main feature of LayerZero is its ability to facilitate cross-chain communication without compromising the decentralization or security inherent in each individual blockchain. This makes it particularly valuable in the space of decentralized finance (DeFi) and decentralized applications (dApps), where interoperability between different blockchain networks can significantly boost functionality and efficiency